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Understanding the Coming Currency Cold War
Will the future of currency be led by the U.S., China, Bitcoin or some combination we can barely imagine today?
Oleh Nathaniel Whittemore
Will the future of currency be led by the U.S., China, Bitcoin or some combination we can barely imagine today?
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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
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This week’s Long Reads Sunday is a reading of “The Currency Cold War: Four Scenarios” by Jeff Wilser – part of CoinDesk’s Internet 2030 series.
In it, Wilsner talks to experts about four scenarios:
- A multi-currency scenario, where exchange is abstracted away via digital wallets
- A China-led scenario
- A U.S.-led scenario
- A bitcoin/non-state currency-led scenario
In addition to reading, NLW gives his take on which scenario is most likely.
See also: Sven Henrich on the Ever-Weakening Economic Cycle
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
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Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying
Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.
Yang perlu diketahui:
- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
- The rally coincided with significant spot BTC price premium on Coinbase.
- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.
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